Kahzam (KHZM) Releases FY ‘09 10-K
November 18 2009 - 11:52AM
Business Wire
Kahzam (OTCBB: KHZM) (http://www.kahzam.com/) – an emerging
leader in the fast-growing web-based platform developer for
associations and affinity groups market – has issued its 10-K for
the FY ending August 31, 2009, according to J. Franklin Bradley,
Kahzam’s President and Chief Operating Officer. This 10-K can be
found at:
http://www.faqs.org/sec-filings/091028/KAHZAM-INC_10-K/.
“Kahzam is building a comprehensive platform of next-generation
online search and portal services, targeted for the $33 billion
Association and Affinity Group market,” Bradley said in releasing
the 10K. “Our innovative, market-leading platform features fully
integrated multimedia content, social networking, e-commerce and
advertising that can be customized to meet the diverse needs of
individual Associations, Affinity Groups and other similar
organizations, as well as their millions of individual members.
“By doing so,” Bradley explained, “Kahzam will meet
associations’ two greatest needs – enhancing member services
without raising dues, and generating additional revenue, again
without raising dues.”
The Kahzam 10-K noted that “there are nearly 1.8 million
Associations and association-like, membership-driven
organizations,” in the US market, which “generate more than $33
billion in revenue … and hold more than $50 billion in assets
…Based on market growth and demand analysis, Kahzam expects to
secure a minimum of 80-100 association clients by the end of 2010
and 200-300 clients in 2011, and to expand to 400-600 affinity
groups by the end of 2012.”
To accomplish this market penetration, Kahzam has developed a
package of web-based Social Networking and Portal services to be
offered to business and trade associations, not-for-profit
foundations, social and charitable non-profits and other groups
needing continued support and goodwill from members or close-knit
networks of donors.
Kahzam is currently beta-piloting its proprietary portal, search
engine and closed-panel Social Networking services in final
preparation for a formal program launch early in 2010.
About Kahzam, Inc.
Kahzam is offering a comprehensive, fully integrated,
multimedia-driven search and portal platform to the Association,
Affinity Group, Enterprise and Web Privacy markets. Through its
proprietary technology and unparalleled service, Kahzam empowers
these groups with the search results, customized content,
member-to-member communication networks – as well as the targeted
messages, offers and choices they require to strengthen their
stakeholder relationships, further their strategic interests and
satisfy their financial and communications needs.
For more information about Kahzam, please contact Ned Barnett at
702-696-1200 or ned-groupmolinari@barnettmarcom.com.
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